Eastern Shore is okay but seems to be rather saturated and out of my price point. 

The problem is that the idea of cash flow, at least what people expected, from 15 years ago doesn't exist any more.

Competitive but no saturated market, world class beaches, growing urban core, pro sports, cruise terminal, theme parks, (mostly) great weather and more!

Avg Appreciation over last 10 yrs in my area: ~8% annually Equity paydown over next 5 yrs based on amortization schedule: ~27kBought home for 400k, appraised at 485k.FHA loan, 30 yr, 5.875% int rate, MIP is $175/mo.Strategy: Date the rate for 4-6 yrs, pray int rates drop to 4-5%, re finance into conventional with LTV less than 80% due to existing equity, take off PMI/MIP, have a lower int rate, and cash flow ~$200-250/mo.Good deal?

Just keep in mind when Real Estate books were written and the market conditions that existed at that time. 

Looking into buying my first str( not new to investment's) how risky is the str market in south Florida assuming im buying an existing str with 12 month of financial data

Do you see more success with seller carry, master lease options, assumption of existing debt, or another structure?

A steady stream of new construction is pulling demand away from existing homes, while cancellations have hit record highs as more buyers back out of deals at the last minute.

Just because a release of lien exists, doesn’t mean the release will stand up in court.

Which approach have y’all done taken when purchasing an existing RV park?